Turning Point Inc

Analysis

Turning Point Inc is a registered charity in United States, based in Woodstock, IL. It received its IRS tax-exemption ruling in April 1982, 44 years ago. Its declared purposes cover human services, which this site groups under poverty relief. The IRS classifies it as a publicly supported organisation (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2024, Turning Point Inc reported income of $3.4m and spending of $3.5m, spending 103% of its income. Across the 5 years on record, from June 2020 to June 2024, income grew from $2.6m to $3.4m (+29%), an average of +6.7% a year. The sharpest change came in the year to June 2023, when income rose by 40%. Over the whole period it spent 92% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Turning Point Inc sits at the 88th percentile: it is larger than about 88% of them. Against every charity in United States with reported income it ranks in the 90th percentile, and in the 90th percentile within IL. Charities of a similar size with the same main cause include Waste Not Want Not Inc ($3.4m), Alpha Opportunities Inc ($3.4m) and Community House ($3.4m).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 94% and program service revenue 3.0% of the total. Compensation of current officers, directors and key employees was $109k (3.1% of expenses). Other salaries and wages came to $2.3m. At year end it held assets of $6.5m against liabilities of $225k, net assets of $6.3m. It reported 65 employees.